Workshop looks into external challenges’ impacts on Vietnamese development
VOV.VN - An international workshop was held by the Institute of World Economics and Politics (IWEP) under the Vietnam Academy of Social Sciences on March 22 in Hanoi to look into the impacts of external challenges relating the nation’s integration into the world.
In his opening remarks at the event, Dr. Phi Vinh Tuong, acting director of the IWEP, said that when facing the COVID-19 pandemic the country had exerted great efforts to respond to the health crisis, possibly the biggest non-traditional security issue faced in decades, to reverse its negative impacts. Moving out of the pandemic period, numerous armed conflicts erupted in different regions around the globe, forcing the world to deal with other non-traditional security challenges such as energy, food, and navigation security.
Pointing out the substantial impacts of these issues on economic, political, and social aspects of countries, regions, and the whole world, he considered the identification of those impacts, especially the direct ones on the nation, as essential for policymakers to devise countermeasures as part of the country’s efforts to pursue its development targets.
Dr. Pham Anh Tuan, deputy director of the IWEP, touched upon certain global economic uncertainties, including the economic downturn, geo-political tensions, monetary policy tightening, high inflation, and financial volatility.
In 2023, the Vietnamese economy faced a host of difficulties and challenges. Despite the financial - monetary system properly coping with shocks, there were still many risks, particularly in terms of the real estate market and financial institutions. The economy therefore tended to become more dependent on external factors.
The economic growth rate stood at 5.05% last year, lower than the target of 6.5%, whilst businesses faced a shortage of orders and both exports and imports dropped by 4.4% and 8.9%, respectively, compared to 2022, he noted.
Dr. Tuan predicted a more positive outlook for the economy ahead in the latter half of the year as businesses are witnessing a rebound in export orders.
At the workshop, domestic and international experts and scholars analysed some critical issues like traditional and non-traditional security issues facing both the region and the world that directly affect Vietnam, along with the impacts of powerful countries’ strategies and policies on the nation.
They also suggested some measures for the nation as it seeks to achieve its development targets to 2030 and 2045.
